Nigeria Wins Challenge In English Court To $11B Gas Supply Award Based On Fraud

(October 23, 2023, 11:26 AM EDT) -- LONDON — An English judge on Oct. 23 ruled in favor of the Federal Republic of Nigeria and found that an arbitral award against it worth more than $11 billion was procured through “abuses of the arbitral process” including fraud and bribery and due to “serious irregularity” cannot be enforced in favor of an Irish-owned company that brought arbitration over a thwarted gas supply contract entered into in 2010....